Transcript

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>> Reuters has been given a leaked document which shows that the banking industry is demanding special concessions for dealing with the fallout from the Brexit vote. I'm Andrew MacAskill reporting for Reuters in London. The banks are basically asking for a special deal for their industry, and they basically want this status quo for up to five years.

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In particular, they want two demands which Brexiteers have said which would be unacceptable. One of them would be that they would be subject to the EU laws for up to five years after Brexit. And secondly, that some decisions will be subject to the European Court of Justice. They're saying some of their operations may have to move to the EU and in a normal time that would take up to three years.

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Due to the sheer number of people trying to do it all at once, it may not be possible to do it within that time frame. As a result things could go wrong and there could be ramifications for the real economy. The government is very conscious that it doesn't want to be seen to give a very favorable deal to the finance sector which has been very unpopular in the UK since the financial crash.

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So, it's very conscious of not being seen to be giving a deal that will help big multinational companies and be against the will of the people.